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XAU/USD $4,431.24 −0.94% XAG/USD $66.16 −1.24% Live price ·

Evening edition

Gold ends lower as jobs data revives Fed-hike talk

Spot gold finished the session down 0.94%, with jobs and Fed headlines overtaking earlier rate-cut hopes.

By Gold Ticker Live ·

Gold ends lower as jobs data revives Fed-hike talk — Evening edition card showing spot gold at $4,431.46
Per gram$142.47Per kilo$142,475
Per ounce (EUR)€3,813.00
Gold / silver67.1

XAUTicker showed spot gold at $4,431.46 per troy ounce in US hours, down $41.92, or 0.94%, on the session after a range of $4,368.18 to $4,489.45. The previous close was $4,473.38. Spot silver was at $66.00, down 1.47%, and the gold/silver ratio stood at 67.1. Reuters reported that a Fed rate hike was back in focus after a strong jobs report, while FXStreet said XAU corrected as US Nonfarm Payrolls rose by 162K in August.

Continued from the morning edition of 4 September 2026. Prices below are frozen at publication — the live gold price has the current figure, and this guide covers what tends to move it.

Jobs report resets the rate debate

The rate story moved against bullion in the later headlines. Reuters said a Fed rate hike was back in focus after a strong jobs report, while FXStreet said Bitcoin and XAU corrected as US Nonfarm Payrolls rose by 162K in August. Kitco reported that gold and silver sold off as strong payrolls revived the Fed-hike trade. Reuters also reported that Citigroup delayed its Fed rate-cut forecast to 2027 after the jobs report, and Politico said the data could set the stage for a Fed rate hike.

Political pressure builds around the Fed

Rate politics stayed prominent alongside the market reaction. Reuters reported that Trump said he would stop trading with some nations if the Fed did not cut rates. The New York Times said Trump threatened to halt some trade unless the Fed cuts rates, and the New York Post reported a similar threat tied to trade with dozens of countries after the jobs report. MPAmag.com and Fox Business said Vice President JD Vance called on the Fed to lower rates, with MPAmag.com linking the call to home affordability.

Reserve and investor-demand headlines

Away from the US rate debate, northernminer.com reported that central-bank gold buying has halved as investors step in. SSBCrack said the Netherlands transferred gold reserves to the UK amid geopolitical tensions, and ING Think framed the broader issue as why it matters where central banks keep their gold. TradingView carried a headline on why gold ETFs could keep shining despite higher rates. Taken together, the headlines kept official-sector custody, central-bank demand and investor vehicles in view, without giving enough detail to quantify fresh flows.

Gold’s cross-asset links stay in focus

Several headlines tied gold to digital assets and related equity trades. CoinGape said the XAU/BTC correlation hit a six-year high amid currency debasement risks, while KuCoin also reported that the bitcoin-gold correlation had reached a six-year high. FXStreet said Bitcoin and XAU corrected after the payrolls release, and Benzinga reported a sell-off in crypto and gold miners as hot jobs data cemented September Fed-hike expectations. These headlines point to shared macro drivers across bullion, crypto and miners during the session.

What to watch

  • Follow-up on Reuters' Fed-hike focus after the strong jobs report.
  • Whether Citigroup's delayed rate-cut forecast is echoed by other headlines.
  • Further detail on central-bank custody and gold-buying headlines.
  • Bitcoin-gold correlation coverage after both assets corrected.

Every headline in this edition 40

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